Relocating to Hong Kong
Whether you’re considering a move to Hong Kong and are in research mode, or you’ve just arrived (welcome!), here’s a checklist of all the essentials you need to know before you can fully enjoy everything this incredible city has to offer.
View of Hong Kong
Connectivity
As soon as you arrive in Hong Kong, sorting out your communication essentials should be a priority. However, until you’re set up, you can take advantage of the free Hong Kong government Wi-Fi available in various hotspots around the city. These are accessible to both residents and visitors.
When you’re ready to secure internet and mobile services, here’s what you need to know:
Internet
Hong Kong boasts one of the most advanced telecommunications infrastructures and some of the fastest internet speeds globally. The city also has a high rate of broadband penetration due to strong competition among providers. When applying for internet service, you’ll typically need to provide your passport or Hong Kong ID (HKID) along with proof of address. Requirements may vary by provider, so it’s best to confirm before applying.
Mobile
Similar to broadband, there are numerous mobile network operators (MNOs) to choose from. Since April 2020, 5G mobile connection has been commercially available, supported by a government subsidy aimed at promoting early 5G adoption to advance Hong Kong as a world-class smart city. If you plan to use your own phone, ensure it’s unlocked so it can accept a local SIM card. Alternatively, pay-as-you-go SIM cards are widely available.
Top Tip: You can connect to free Wi-Fi at all MTR (subway) stations. For charging your phone, major MTR stations, Kowloon Motor Bus (KMB) buses, and shopping malls offer charging stations or battery pack rentals.
Accommodation in Hong Kong
While there are plenty of accommodation options in Hong Kong, it’s important to note that you generally get what you pay for, and the city continues to rank as one of the most expensive places in the world for expat housing.
Apartments are the most common choice due to the city’s high population density. However, if you’re looking for something more spacious and are willing to live farther from the city, villas or village houses are an option. These properties, often located in rural areas or on outlying islands, typically offer three floors of living space with balconies or roof terraces.
Renting in Hong Kong
Once you’re in Hong Kong, it’s easier to explore different neighborhoods and get a feel for where you’d like to live. You can also join expat communities on Facebook or forums to gather insider advice. Although there are several rental property websites, working with a real estate agent may simplify your search and save you from the stress of navigating the city on your own.
When choosing where to live, consider your lifestyle and commute. Many families prefer to wait until they know which school their children will attend before settling on a location.
A standard tenancy contract lasts two years, with the option to break the lease after a certain notice period. You can often negotiate terms such as monthly rent, contract duration, or the inclusion of fixtures. Be prepared, however, that your apartment may not come with curtains or an oven unless specifically mentioned in the contract.
Before moving in, you’ll likely need to pay a security deposit, agent’s fee, and stamp duty rental tax—typically amounting to about 2-3 months’ rent upfront. Make sure you have sufficient funds to cover these costs.
To secure a rental, you’ll need to provide documents such as an employment letter and contract, a valid visa, and a copy of your passport or Hong Kong ID (HKID).
Top Tip: Invest in a good dehumidifier. Hong Kong’s subtropical climate is warm but very humid, creating perfect conditions for mold if not managed properly.
Banking and Finance in Hong Kong
Opening a Bank Account
Whether you’re relocating for work or study, setting up a local bank account is essential to managing your finances and settling into life in Hong Kong. Ideally, it’s best to arrange your banking needs before you move, as local banks may require a credit history and proof of address, which you might not have immediately upon arrival. To sidestep these challenges, consider starting your account application process while still in your home country.
Having a local bank account allows you to pay bills, receive your salary, and access cash conveniently. Many expats opt to maintain accounts in both their home country and host country for added flexibility.
Already in Hong Kong? You may be able to open an account through online or mobile banking services.
Top Tip: Once you’ve received your Hong Kong ID (HKID), you can download the HSBC mobile banking app and open an account in less than five minutes.
Tax
Despite Hong Kong’s high cost of living, it boasts one of the most attractive tax systems for residents, expats, and businesses. There are no taxes on capital gains, dividends, and estate duty was abolished in 2006.
Hong Kong operates on a territorial-based tax system, meaning you only pay taxes on income earned within Hong Kong. For instance, if you live in Hong Kong but earn rental income from property in the UK, you won’t be taxed on that income by Hong Kong authorities. However, you would still need to handle your UK tax obligations.
Immigration and Identification
For detailed information on immigration procedures, visa requirements, and identity documents, the Hong Kong government’s Immigration Department website is an excellent resource. If you’re planning to stay for over six months, all residents above the age of 11 must apply for a Hong Kong Identity Card (HKID) within 30 days of arrival. The HKID is necessary for various activities, including opening a bank account, applying for jobs, accessing public services, and more.
Visas
Hong Kong remains a sought-after destination for expats due to career opportunities and income prospects. The HSBC Expat Explorer Survey ranked Hong Kong first for career progression and fulfillment, and fourth for income.
To work in Hong Kong, you’ll typically need a work visa under the General Employment Policy (GEP). Your employer must act as your sponsor, and you’ll need to provide documents such as proof of your qualifications and confirmation that the role cannot be filled by a local resident. It’s recommended to secure your job offer before applying for the visa.
Visa requirements can change, so it’s a good idea to stay updated through the Hong Kong Immigration Department’s website and prepare your paperwork early. You can find more about various visas, including student, visitor, and work visas, on the government’s website.
Healthcare
Hong Kong is known for having one of the top healthcare systems globally. Similar to countries like Singapore and the UK, public healthcare in Hong Kong is highly subsidized and available to anyone with a Hong Kong Identity Card (HKID), including non-permanent residents. Many expats, however, choose to purchase private health insurance to access services that may not be fully covered by the public system. Private healthcare is widely available but can be costly.
The Hong Kong Department of Health strictly regulates all healthcare facilities, ensuring high standards whether you opt for public or private care.
Education
Education in Hong Kong can be expensive, especially if local schools aren’t a suitable option for your children. Most local schools teach in Cantonese or Mandarin, which could provide an excellent opportunity for children to become bilingual if you plan to stay long-term.
There is a wide range of international schools in Hong Kong offering curricula such as British, American, Australian, and International Baccalaureate (IB). However, securing a spot at these schools can be highly competitive. Be prepared to pay non-refundable application and registration fees for each school you apply to, along with a deposit and annual “capital levy” once your child is accepted.
Some employers offer corporate school debentures, which are lump-sum loans that guarantee placement at certain schools. It’s advisable to contact schools before relocating and check if your employer can assist in securing a spot.
Public Holidays
Hong Kong celebrates 17 public (or bank) holidays each year, offering plenty of opportunities to immerse yourself in the city’s vibrant culture. Festivities like dragon dances, parades, and spectacular fireworks are common during Chinese New Year, a time to embrace local traditions, gather with family and friends, and indulge in plenty of food and drink. Other significant local holidays include Buddha’s Birthday, the Dragon Boat Festival, Mid-Autumn Festival, and Ching Ming (Tomb-Sweeping Day). Celebrating these local holidays is a great way to feel more at home in your new city.
